Sezzle (SEZL) financial statements
Sezzle reported revenue of $450M in fiscal 2025, up 50.3% a year over 5 years.
Net income was $133M and the operating margin 39.3%, against -47.5% in 2020.
Free cash flow was $207M, and the company returned $65M in net buybacks.
The diluted share count fell 97% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sezzle's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $59M | $115M | $126M | $159M | $271M | $450M |
| Selling, general and admin | $7M | $16M | $16M | $9M | $11M | $17M |
| Operating income | -$28M | -$69M | -$28M | $22M | $82M | $177M |
| Interest expense | $4M | $5M | $9M | $16M | $14M | $14M |
| Pre-tax income | -$32M | -$75M | -$38M | $8M | $67M | $163M |
| Income tax | $30,964 | $58,416 | $69,447 | $611,487 | -$11M | $30M |
| Net income | -$32M | -$75M | -$38M | $7M | $79M | $133M |
| EPS (diluted) | -$0.03 | -$0.06 | -$1.17 | $0.21 | $2.19 | $3.72 |
| Diluted shares | 1.12B | 1.20B | 33M | 34M | 36M | 36M |
| Operating margin | -47.5% | -59.8% | -22.6% | 13.9% | 30.3% | 39.3% |
| Net margin | -55.1% | -65.5% | -30.3% | 4.5% | 29.0% | 29.6% |
Balance sheet
Fiscal years, from Sezzle's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $84M | $77M | $68M | $68M | $73M | $64M |
| Total current assets | $173M | $221M | $170M | $209M | $258M | $352M |
| Property, plant and equipment | $375,186 | $662,472 | $281,605 | — | — | — |
| Total assets | $174M | $223M | $173M | $213M | $298M | $400M |
| Total current liabilities | $68M | $108M | $99M | $187M | $106M | $90M |
| Total liabilities | $114M | $186M | $164M | $191M | $211M | $230M |
| Shareholders' equity | $60M | $38M | $9M | $22M | $88M | $170M |
| Net debt | -$84M | -$77M | -$68M | -$68M | -$73M | -$64M |
Cash flow
Fiscal years, from Sezzle's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$25M | -$72M | $9M | -$26M | $131M | $210M |
| Capital spending | $732,911 | $1M | $1M | $1M | $1M | $3M |
| Free cash flow | -$26M | -$74M | $8M | -$27M | $129M | $207M |
| Stock-based compensation | $7M | $14M | $10M | $7M | $5M | $7M |
| Share buybacks (net) | -$611,215 | -$3M | -$381,434 | -$2M | -$24M | -$65M |
| Free cash flow margin | -43.4% | -64.1% | 6.0% | -17.0% | 47.6% | 46.0% |
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Open SEZL in InvestinglyQuestions
What was Sezzle's revenue in 2025?
$450M in fiscal 2025, from its 10-K filing.
How much free cash flow does Sezzle generate?
$207M in fiscal 2025 (operating cash flow minus capital spending).
From Sezzle's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.